Trump: August 1 Tariff Date Will Not Be Postponed
In another statement on social media, Trump said that the tariff measures set to take effect on August 1 are “final” and will not be postponed. This decision was touted as an important day for US foreign trade.
Trump: 25% Customs Duty and Penalties to be Imposed on India
US President Trump announced that India will be subject to a 25% customs duty and additional sanctions starting August 1 due to its high customs duties and energy and arms purchases from Russia. In his statement on social media, he said, “India may be our friend, but our trade volume has been very low for years. Tariff barriers are the highest in the world, and they are not doing well on Ukraine either,” he said.
US Q2 GDP Data Exceeds Expectations: 3% Growth
According to Jinshi, the US economy grew 3% on an annualized basis in the second quarter of 2025. This rate is well above the market expectation of 2.4% and the previous quarter’s contraction of 0.5%. This strong growth data signals that the economic recovery is gaining momentum, and the Fed’s interest rate policy is being watched with interest.
US July ADP Employment Data: 104,000, Above Expectations
According to Jinshi, private sector employment in the US increased by 104,000 in July, exceeding expectations of 75,000. The previous month’s figure was reported as -33,000.
US Core PCE Inflation Approaches Target at 2.5%
The U.S. second-quarter core PCE (Personal Consumption Expenditures) price index was reported at 2.5% on an annualized basis. The expectation was 2.3%; the previous quarter’s value was 3.5%. The inflation indicators’ proximity to the target could provide the Fed with more room to maneuver in its interest rate cut plans.
White House Crypto Report to Include Tokenization and Legal Regulations
According to Reuters, the crypto task force established by Trump’s January executive order will publish its first official report on July 30. The report will include recommendations to Congress on tokenization, an SEC framework for blockchain-based securities, and crypto laws.
This document will be the first official document outlining the White House’s crypto policy.
H100 Group Increases BTC Holdings to 685.1
Swedish public company H100 Group has purchased an additional 56.9 BTC, bringing its total Bitcoin reserves to 685.1 BTC.
Profusa Launches Crypto Strategy with $1 Million Bitcoin Purchase
NASDAQ-listed digital health technology company Profusa has launched its digital asset strategy by purchasing $1 million worth of Bitcoin in the first phase. The company will execute this strategy in collaboration with BlockFills.
JPMorgan Chase and Coinbase Form Partnership
JPMorgan Chase and Coinbase have launched a partnership enabling Chase customers to transfer funds directly to Coinbase using their bank cards. By 2026, Ultimate Rewards points will also be usable for cryptocurrency purchases. This marks the first instance of a major bank making its reward points available for cryptocurrency use.
According to Decrypt, Visa’s stablecoin payments reached $200 million in its second quarter report for fiscal year 2025. CEO Ryan McInerney noted that this volume remains small compared to the company’s overall volume.
Visa also invested in BVNK and expanded its partnership with Stripe in Latin America.
WebX 2025 to be held in Japan on August 25-26
WebX 2025, an important event in the Web3 world, will be organized by CoinPost in Tokyo. The event, which will be attended by names such as the President of SBI Holdings, the CEO of Maelstrom, and the Governor of Tokyo, will feature more than 1,000 companies and dozens of panels.
Pendle Goes Live on HyperEVM
Pendle has launched three new liquidity pools for hbUSDT, hbHYPE, liquidHYPE, and kHYPE on the HyperEVM platform. Each pool has been allocated 500,000 Hearts points.
Stablecoin Regulations Begin in Hong Kong
Hong Kong is launching a six-month transition period to bring new stablecoin laws into effect. During this period, issuers will be granted temporary licenses.
TON-Based STON.fi Secures $9.5 Million in Funding
STON.fi, a decentralized exchange built on the TON blockchain, has raised $9.5 million in funding led by Ribbit Capital and CoinFund. The funds will be used to develop cross-chain transactions and governance infrastructure. The platform’s total transaction volume has exceeded $6 billion.
